Capstone Copper (TSE:CS) Share Price Passes Above 200 Day Moving Average – Here’s Why

Shares of Capstone Copper Corp. (TSE:CS) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$9.73 and traded as high as C$10.25. Capstone Copper shares last traded at C$10.20, with a volume of 2,385,860 shares.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on CS shares. BMO Capital Markets raised their price objective on Capstone Copper from C$11.00 to C$11.50 in a report on Friday, August 2nd. Scotiabank raised their price objective on Capstone Copper from C$12.00 to C$13.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. Canaccord Genuity Group decreased their price objective on Capstone Copper from C$15.00 to C$14.00 in a report on Monday, November 4th. National Bankshares raised their price objective on Capstone Copper from C$12.75 to C$13.75 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Finally, TD Securities raised their price objective on Capstone Copper from C$12.00 to C$13.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Twelve investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Capstone Copper presently has a consensus rating of “Buy” and a consensus target price of C$12.84.

Capstone Copper Stock Performance

The firm has a market capitalization of C$7.68 billion, a PE ratio of -48.57, a price-to-earnings-growth ratio of -0.09 and a beta of 2.14. The company has a debt-to-equity ratio of 40.10, a current ratio of 0.94 and a quick ratio of 0.98. The stock has a 50-day moving average price of C$10.04 and a 200-day moving average price of C$9.73.

Capstone Copper (TSE:CS) last announced its earnings results on Thursday, October 31st. The mining company reported C$0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.11 by C($0.07). Capstone Copper had a negative return on equity of 1.24% and a negative net margin of 1.47%. The business had revenue of C$572.14 million for the quarter, compared to analysts’ expectations of C$612.00 million. On average, research analysts expect that Capstone Copper Corp. will post 0.8541833 EPS for the current fiscal year.

Insider Transactions at Capstone Copper

In related news, Director Humberto Antonio Fernandois sold 60,000 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of C$9.25, for a total value of C$554,880.00. Also, Director Darren Murvin Pylot sold 100,000 shares of Capstone Copper stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of C$11.05, for a total value of C$1,104,990.00. Over the last ninety days, insiders have sold 974,079 shares of company stock valued at $10,016,304. 15.37% of the stock is currently owned by insiders.

About Capstone Copper

Capstone Copper Corp. operates as a copper mining company in the United States, Chile, and Mexico. It primarily explores for copper, silver, zinc, and other metals. The company owns 100% interests in Pinto Valley copper mine located in the Arizona, the United States; Mantos Blancos copper-silver mine located in the Region of Antofagasta, Chile; Santo Domingo copper-iron-gold-cobalt project located in the Atacama region, Chile; and Cozamin copper-silver mine located in the Zacatecas, Mexico.